Oracle (NYSE:ORCL) Price Target Raised to $175.00

Oracle (NYSE:ORCL) had its price target lifted by KeyCorp from $165.00 to $175.00 in a research note published on Tuesday, Benzinga reports. The brokerage currently has an overweight rating on the enterprise software provider’s stock.

A number of other equities research analysts also recently commented on the company. Guggenheim reiterated a buy rating and issued a $175.00 target price on shares of Oracle in a research report on Tuesday, June 25th. DA Davidson reissued a neutral rating and issued a $105.00 price objective on shares of Oracle in a research note on Wednesday, June 12th. JPMorgan Chase & Co. upped their price target on shares of Oracle from $110.00 to $120.00 in a report on Monday. StockNews.com cut Oracle from a buy rating to a hold rating in a research note on Thursday, June 6th. Finally, Bank of America increased their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a neutral rating in a research note on Wednesday, June 12th. Twelve investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $157.52.

Oracle Price Performance

NYSE ORCL opened at $155.82 on Tuesday. The stock has a 50-day moving average of $138.90 and a 200 day moving average of $129.13. Oracle has a one year low of $99.26 and a one year high of $160.52. The company has a market capitalization of $429.42 billion, a price-to-earnings ratio of 42.00, a PEG ratio of 2.56 and a beta of 1.01. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.95 earnings per share. On average, sell-side analysts forecast that Oracle will post 5.02 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.03%. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insider Transactions at Oracle

In related news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Jeffrey Berg sold 22,500 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the completion of the transaction, the director now directly owns 210,712 shares of the company’s stock, valued at $30,157,101.44. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,862,500 shares of company stock valued at $266,776,624. 42.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Oracle

A number of large investors have recently modified their holdings of ORCL. Westend Capital Management LLC acquired a new stake in shares of Oracle during the 1st quarter worth about $25,000. Fairway Wealth LLC acquired a new stake in Oracle during the second quarter worth approximately $27,000. Tidemark LLC purchased a new stake in shares of Oracle during the 4th quarter worth approximately $29,000. Frank Rimerman Advisors LLC acquired a new position in shares of Oracle in the 4th quarter valued at $30,000. Finally, POM Investment Strategies LLC purchased a new position in shares of Oracle in the 2nd quarter valued at $30,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.